Current account imbalances in the euro area: competitiveness or demand shock?
| Autor: | G. Gaulier., V. Vicard. |
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| Rok vydání: | 2012 |
| Předmět: | |
| Zdroj: | Quarterly selection of articles - bulletin de la Banque de France. :5-26 |
| Popis: | Overall, the export performance of euro area defi cit countries has not declined despite the losses in cost competitiveness recorded before the crisis. Capital infl ows into the non-tradable sectors of the economy are a better explanation of both the defi cits and the rise in relative prices. |
| Databáze: | OpenAIRE |
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